Tech IndustryDec 30, 2022
Freddie MacqPUe75
Fidelity takes 56% write down on its Twitter investment
https://www.axios.com/2022/12/30/twitter-fidelity-valuation
Fidelity slashes Twitter’s value by 56%
Axios
Axios
I thought Elon owns 100% of Twitter
Welcome to LBOs. You buy stocks on credit Xo xo
New
🌩️🌨️☔️ Dec 30, 2022you thought wrong
Twitter has a true valuation of around 5 to 8 billion. They can harvest more tax credit on loses next year
Seems conservative. Probably worth 1/4th of the original value at best